Insider Selling: Hudson Technologies, Inc. (NASDAQ:HDSN) VP Sells 13,315 Shares of Stock

Hudson Technologies, Inc. (NASDAQ:HDSN) VP Kathleen Houghton sold 13,315 shares of the firm’s stock in a transaction that occurred on Wednesday, June 9th. The shares were sold at an average price of $2.90, for a total value of $38,613.50. Following the completion of the transaction, the vice president now owns 53,222 shares in the company, valued at approximately $154,343.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of HDSN traded up $0.05 on Friday, reaching $2.84. 3,102 shares of the company’s stock traded hands, compared to its average volume of 987,461. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.50 and a current ratio of 1.48. The firm has a market capitalization of $123.21 million, a PE ratio of -39.86, a PEG ratio of 3.32 and a beta of 1.39. The business has a 50 day moving average price of $2.22. Hudson Technologies, Inc. has a 52-week low of $0.85 and a 52-week high of $3.24.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings results on Wednesday, May 5th. The industrial products company reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.02. The company had revenue of $33.78 million during the quarter. Hudson Technologies had a negative return on equity of 7.97% and a negative net margin of 2.34%. As a group, analysts forecast that Hudson Technologies, Inc. will post 0.03 earnings per share for the current year.

A number of research analysts have recently weighed in on HDSN shares. Zacks Investment Research upgraded Hudson Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, February 24th. Craig Hallum upgraded Hudson Technologies from a “hold” rating to a “buy” rating and raised their target price for the company from $1.75 to $3.00 in a report on Wednesday, May 12th.

Large investors have recently added to or reduced their stakes in the business. Morgan Stanley increased its position in Hudson Technologies by 36.7% in the first quarter. Morgan Stanley now owns 22,347 shares of the industrial products company’s stock worth $36,000 after buying an additional 6,000 shares during the last quarter. Virtu Financial LLC purchased a new stake in Hudson Technologies in the fourth quarter worth $36,000. Game Plan Financial Advisors LLC purchased a new stake in Hudson Technologies in the first quarter worth $78,000. Smith & Howard Wealth Management LLC purchased a new stake in Hudson Technologies in the first quarter worth $81,000. Finally, Blair William & Co. IL increased its position in Hudson Technologies by 10.9% in the first quarter. Blair William & Co. IL now owns 50,900 shares of the industrial products company’s stock worth $82,000 after buying an additional 5,000 shares during the last quarter. 35.01% of the stock is owned by institutional investors and hedge funds.

Hudson Technologies Company Profile

Hudson Technologies, Inc a refrigerant services company, provides solutions to recurring problems within the refrigeration industry primarily in the United States. The company's products and services include refrigerant and industrial gas sales; refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination to remove moisture, oils, and other contaminants.

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